Press release
2025 Hand Protection Equipment Market Outlook: Key Indicators Shaping Growth Through 2034
Hand Protection Equipment Market
What Will the Hand Protection Equipment Industry Market Size Be by 2025?
There has been a robust expansion in the hand protection equipment market size in the past few years. In terms of financial growth, it is projected to increase from $34.39 billion in 2024 to $37.09 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.9%. The surge in growth over the historical period can be traced back to factors such as occupational safety laws, industrial growth acceleration, heightened awareness concerning worker safety, expansion of the healthcare industry, and a rise in chemical and biological hazards.
What's the Long-Term Growth Forecast for the Hand Protection Equipment Market Size Through 2029?
The market size for hand protection gear is predicted to experience a swift expansion in the coming years, reaching $56.9 billion in 2029 with a compound annual growth rate (CAGR) of 11.3%. The surge during the forecast period can be credited to factors such as sustainable materials, escalation in healthcare expenditure, considerations for the global supply chain, safety measures for remote work, and tailored solutions. Key trends driving the forecast period encompass rising demand for disposable gloves, ergonomic designs, breakthrough materials, and technology, intelligent gloves and wearable tech, as well as personalized fitting and sizing options.
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What Are the Key Growth Drivers Fueling the Hand Protection Equipment Market Expansion?
Rapidly growing cognizance regarding safe and healthy practices is fueling the expansion of the hand protection equipment industry. Adhering to safety measures can significantly decrease numerous health and hand-related hazards that may occur during work activities. Comprehensive company guidelines and governmental regulations are being enforced to eliminate any occupational hazards at the root level, either through technological or administrative methods. To illustrate, in July 2023, the National Irish Safety Organisation (NISO), which is an Ireland-based volunteer organization committed to promoting health and safety, initiated a complimentary brief online course on chemical safety in the workplace as part of its e-learning program. This digital learning initiative is overseen by the Health and Safety Authority (HSA). The course is tailored for employees, managers, and safety advocates from various industries that utilize chemicals. The brief 30-minute introductory sessions offer learners a vital, free, and concise guide on identifying and managing hazardous substances at their workplaces. Hence, the escalating cognizance regarding safety and health precautions is amplifying the growth of the hand protection equipment industry.
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What Are the Key Trends Driving Hand Protection Equipment Market Growth?
The trend of enlarging production capabilities is becoming increasingly prevalent in the hand protection equipment sector. Due to a sudden increase in demand for gloves by medical customers, firms are ramping up their production. Moreover, interruptions in the supply chain amid the COVID-19 outbreak have compelled governments worldwide to develop adequate domestic production capacities for essential items like medical devices, PPE, and others. For instance, in February 2022, the USA-based SHOWA Group, which manufactures medical and industrial PPE hand protection products, tripled its production capacity to cater to the burgeoning demand for American-made gloves from government and industrial consumers. The firm's two new production plants are projected to boost its glove production to 1.2 billion units by 2022's end and 2.8 billion by the completion of the new facility. In March 2020, Hartalega, a Malaysian corporation specializing in glove production for healthcare workers, acquired 38.49 hectares of land in Sepang. This land purchase will enable the company to gradually augment its capacity to meet the rising global demand for gloves.
How Is the Hand Protection Equipment Market Segmented?
The hand protection equipment market covered in this report is segmented -
1) By Hand Protection: Durable Gloves, Disposable Gloves
2) By Material Type: Natural Rubber Gloves Or Latex, Nitrile Gloves, Vinyl Gloves, Other Material Types
3) By End-User Industry: Healthcare, Industrial Safety And Chemical, Construction, Automotive, Other End-Users
Subsegments:
1) By Durable Gloves: Leather Gloves, Cut-Resistant Gloves, Chemical-Resistant Gloves, Thermal Gloves
2) By Disposable Gloves: Latex Gloves, Nitrile Gloves, Vinyl Gloves, Polyethylene Gloves
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Which Companies Are Leading the Charge in Hand Protection Equipment Market Innovation?
Major companies operating in the hand protection equipment market include Top Glove Corporation Bhd, Hartalega Holdings Berhad, Honeywell International Inc., 3M Company, Alpha Pro Tech Ltd., Halyard Health Inc., Medline Industries Inc., Cardinal Health Inc., Kossan Rubber Industries Bhd, Globus Ltd., Ansell Limited, E. I. du Pont de Nemours and Company, Mallcom Limited, MSA Safety Incorporated, Radians Inc., Rock Fall Ltd., Kimberly-Clark Corporation, Lakeland Industries Inc., Delta Plus Group, Protective Industrial Products Inc., Showa Group, Towa Corporation, COFRA Holding AG, Ejendals AB, Rubbere*x Corporation (M) Berhad, Joseph Leslie & Co. LLP, MCR Safety, Atlantic Safety Products Inc.
Which Regions Are Leading the Global Hand Protection Equipment Market in Revenue?
North America was the largest region in the hand protection equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hand protection equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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